Smart Irrigation Market Research Report- Forecast till 2023
Market Highlights
The international smart irrigation market is anticipated to reach around USD 1.87 Billion. This feat is speculated to be achieved by the forecasted the year 2023. The market is expected to grow at around 18.6% CAGR in between the forecast period 2018 to2023. These systems are meant for monitoring weather, soil, as well as the state of the soil. The distinguishing part is that it does this upon automating the irrigation system. The approach is much advanced these days through the usage of high-end controllers and sensors units.
Global Smart Irrigation Market prospect is inspiring as it is way lot data-oriented in modern times. The market is getting budget-friendly at the same time. In fact, the market is swiftly expanding powered by IoT-technology in an irrigation system in modern times. These technicalities help the farmers in lowering the extent of wastes. At the same time, it assures greater productivity as well. In short, the investors are much assured than ever about the market on all aspects of the return.
An interesting part about smart irrigation is that it is capable enough to lower the expense associated with irrigation with optimum utilization of resources. It also provides a great aid for the controllers, helping them in precisely figuring out the issues associated with the usage of high-end irrigation system. It eventually makes farmers take the most appropriate decision regarding cultivation. All this assurance, in an era when around 70 percent of water is used through the irrigation process, the methods as of above really encourage investment.
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Segmentation:
The international smart irrigation market is segmented in terms of component, application, type, and vertical.
On the basis of components, the market is segmented into sensors, controllers, water flow meter, and fertilizer meter.
Again, Sensors can be further segmented into soil moisture sensors, temperature sensors, pressure sensors, dendrometer sensors, rain sensors, flow sensors, freeze sensors, and wind sensors.
Controllers are again segmented into Wi-Fi controllers; residential AC powered controllers, battery controllers, hybrid controllers, electric controllers.
On the basis of application, the market is segmented into water resource management, soil management, groundwater management.
On the basis of product type, the market is segmented into a weather-based controller system and sensor-based controller system.
In terms of vertical, the market is segmented into agriculture and non-agriculture.
And, the agriculture segment is further segmented into the greenhouse and open field. The non-agriculture segment is segmented again into residential, turf & landscape, golf course, and others.
Regional Analysis
On the basis of the region, the international smart irrigation market is divided into North America, Europe, Asia-Pacific, and the rest of the world. Among these, North America is certainly the most leading smart irrigation market in between the forecasted period of 2018–2023. The United States is indeed the most prominent market, followed by Canada.
Asia-Pacific comes next to North America. The best part, the market is speculated to mark the highest CAGR here in between the forecast period. Two of the leading nations in terms of agriculture, India, and China, are touted to be the frontline nations in this segment. The European market shows great prospects in the UK, and Germany.
Industry News
Cole of Duty publishes a report about the international smart irrigation market research. The report analyses all key aspects associated with the market, contributing to the growth of the market. It predicts the growth rate during the forecasted period upon taking all key aspects associated. It identifies the key market domains showing great prospects.
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Smart Irrigation Market Research Report, Component (Sensors, Controller), Application (Water Resource Management), Vertical (Agriculture, Non-Agriculture), Type (Weather based controller system, Sensor based controller system)— Forecast till 2023
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